Haynes and Boone Lawyers in Oil & Gas 360: What Does the U.S. Government Expect from Energy Companies in 2016?

11/13/2015

Haynes and Boone LLP’s Denver office hosted a seminar this week that featured a slate of highpowered presenters, some of whom had spent years as attorneys at the SEC and EPA before joining Haynes and Boone. The program was called “Government Enforcement in the Energy Industry.” The information the panelists presented focused on current trends in securities and environmental investigation and enforcement actions upon energy companies by some of the most powerful agencies of the federal government–the Securities and Exchange Commission (SEC), the Environmental Protection Agency (EPA), and the Department of Justice (DOJ).

Alan Talesnick, specialist in SEC investigations and partner at Haynes and Boone Denver, said that the Securities and Exchange Commission is beginning to push for expanded disclosures based on today’s lower commodities prices, in addition to the 12-month average price specified in the current rule...

Kit Addleman, also a specialist in SEC investigations and a partner at Haynes and Boone Dallas, made reference to examples where the SEC investigated a company for delaying an impairment due to a known loss of customers on which previously higher revenue projections were based...

Houston Haynes and Boone Partner Steve Corso discussed commodities rules enforcement...

Another panel of experts looked at the EPA’s focus on the oil and gas industry to locate sources of methane and other emissions in oil and gas operations. They said the EPA has launched a national enforcement initiative for compliance by the energy extraction industry. Panel members included Haynes and Boone Partners Mary Mendoza, Suzanne Murray and John Fognani, from Austin, Dallas and Denver, respectively.

Excerpted from Oil & Gas 360. To read the full article, please click here.

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